Sunday, November 13, 2011

The ECB may increase in April, the refinancing rate

Senior Representative of the European Central Bank announced on Monday that the refinancing rate will likely rise next month. According to the chief economist of the bank Berenberg Holger Shmidinga, it will happen after the finance ministers of the eurozone countries will hold a series of meetings to discuss the details of the new anti-crisis plan, reports Reuters, without giving the name of the financier. Portugal in connection with this may again be under serious pressure if a new package of measures to combat the budget deficit, made a minority government, has received approval in parliament, said the agency. However, looking at past financial performance in Europe, achieved by the anti-crisis measures, the ECB can go to a similar risk. March 12 leaders of the 17 euro-zone members have agreed to increase the size of the Crisis Fund with 250 billion euros to 440 billion euros. Funds were deligirovany authority to buy up the bonds of countries in a financial bind. As a result, investors could push up the bonds of countries with vulnerable economies. "At the time, like a little Portugal escapes more slowly than expected, the larger Spain slightly pulled away from the abyss," - said Holger Shmiding. In addition, he said, the euro is now the first time in the last four months stands at 1.41 dollar. BFM.Ru

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